Frequently Asked Questions

What is an Installment loan?

A Cash 4 You Installment Loan is money you borrow for any kind of personal use such as paying off credit card debt, investing in home improvements, taking a special vacation, or paying for an engagement ring or wedding expenses. To repay the loan, you make regular scheduled payments over time up to 60 months depending on your loan amount.  An installment loan gives you the flexibility to make big purchases, and then pay it off at a pace that makes sense for you.

What is the difference between an Installment Loan and a Payday Loan?

Payday loans are short-term loans that the borrower pays back on their next pay day. Installment loans are typically for higher dollar amounts than payday loans, and are paid back over time.

Am I eligible for a Cash 4 You Installment Loan?

To be eligible for a Cash 4 You Installment Loan, you must:

• Be an Ontario resident with a valid government issued photo ID
• Be at least 18 years of age
• Have a steady source of income
• Have an open and active bank account

What is the minimum and maximum I can borrow?

With the Cash 4 You Installment Loan, the minimum amount you can borrow is $1,000 and the maximum is $15,000.

How long does it take to get approved?

You will receive a decision once your loan application is submitted. However, funding of the loan is contingent upon verification of your application information and signature on all loan agreements.

How long does it take to receive the funds?

Once your application is complete and verified, if you are approved for a loan, you can receive your cash same day with in-store pickup.

Do you accept co-signers for Installment Loans?

At this time we do not allow co-signers or joint applications for our Installment Loans.

Will applying for an Installment Loan affect my credit?

To apply for Cash 4 You Installment Loan, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull.

What if I have poor credit?

Your credit report is not the only variable we consider. We utilize risk assessment tools that verify the accuracy of information on your application and may review customer payment history on similar products.

If I am bankrupt, can I still get a loan?

We are able to consider customers who have been discharged for past bankruptcies.

Is the Cash 4 You Installment Loan secured or unsecured?

The Cash 4 You Installment Loan is an unsecured loan. This means that you do not need to provide collateral for the loan.

Are there any origination, insurance or prepayment fees?

No. We want to make things simple for our customers, so we have no origination fees, closing costs, costly add-on insurance fees or prepayment penalties.

How is a Cash 4 You Installment Loan different from credit card debt?

Cash 4 You Installment Loans have a fixed repayment term. Credit cards often have high variable rates and no set repayment term.

How can I make my loan payments?

Your regular scheduled payments are automatically withdrawn from your bank account. You can make additional payments at any time at one of our 100+ locations.

When will my first payment be due?

Your first installment loan payment will be due on your next pay date

Will making a large payment or additional payments change my regular due amount?

Making a large payment or additional payment on an Installment Loan will not automatically reduce your monthly payment. If you make a large or additional payment, the first part of the payment goes toward any interest accrued. The remainder goes toward the principal balance. Your regular scheduled payment amount will stay the same, but you will be on track to pay your loan off early.

Can I refinance my current Cash 4 You Installment Loan?

If your loan is in good standing then you may be able to refinance your loan. If you refinance your loan, then the principal amount will be rolled into a new term in which you will continue to be charged daily interest.

How do I cash a Cheque

Visit one of our 100+ locations with a cheque made payable to you or your small business and a valid ID and we would cash it instantly.

Why is Cash 4 You different?

We turn thousands of cheques into cash instantly at our 100+ locations. We offer cost-effective option and extended hours to serve you better. No waiting for your cheque to clear through a bank. And no bank account is required to cash your cheque with us.

Can you cash larger cheques?

At Cash 4 You, we cash any cheque for any amount instantly.

What type of cheque do Cash 4 You cash?

At Cash 4 You, we cash most types of cheques including Payroll, Government, Tax Refund, Money Orders, Insurance Settlement, Small Business, and more.

How does the Cash 4 You Referral Program work?

To earn rewards for referring friends to Cash 4 You, users must register for a Cash 4 You.ca account and sign up for the internal Referral Program to generate their unique invite links.

So long as the referred borrower correctly uses their friend’s unique invite link immediately before registration, the referrer will earn a reward automatically after the referred borrower’s first loan has been funded.

Who is eligible for the Cash 4 You Referral Program?

All individuals, regardless of whether they are current Cash 4 You borrowers, can sign up for a referral account to refer their friends to Cash 4 You.

If the referred applicant already has a Cash 4 You account or does not use their friend’s unique referral link when first creating their Cash 4 You account, their referring friend will not earn a referral reward.

Referrers will never receive credit for referring themselves or for refinancing their existing Cash 4 You loan. Cash 4 You reserves the right to disqualify anyone from this program at any time.

Which Cash 4 You products are eligible for Cash 4 You Referral Program rewards?

The Cash 4 You Referral Program only applies to Payday Loan and Installment Loans. All other types of Cash 4 You products are ineligible for the Referral Program.

Whom can I refer to Cash 4 You through the Cash 4 You Referral Program?

You may refer friends, family members, coworkers, and direct acquaintances. Only brand new Cash 4 You customers are eligible for a welcome bonus under our referral program.

How do I ensure that my friend’s application will be linked to my referral account?

Send your friend your unique invite link before they first register for their Cash 4 You account and create an application. Your friend should use your invite link just prior to registering for their Cash 4 You account and starting the application process.

Please note that only brand new applicants for Cash 4 You payday loan or installment loan are eligible to generate a referral reward for you.

How do I know if my friend’s application was linked to my referral account?

For privacy reasons, we cannot disclose the names or contact information of people who have used your unique referral link, but your referral account dashboard at cash4you.ca/b/ will allow you to see the number of people who have used your link correctly to register.

How do I get my referral reward?

Referral rewards come from Cash 4 You through Interac email transfer. You will receive notification about a payment after your referred friend’s loan has been funded and your referral reward is sent.

When do I get my referral reward?

After your referred friend’s loan has been funded, you’ll receive an email about the referral reward. Those rewards will come through Interac email transfer.

After a loan is funded, it takes up to 30 days to approve and fund referral rewards.

Why haven’t I received my referral reward yet?

Reasons for this may vary. Possible reasons include:

• Your friend did not apply using your unique referral invite link, in which case it has not been linked to your referral account.
• Your friend's loan has not been approved or funded.
• Your friend's application was not eligible for a referral bonus. Please see the eligibility criteria above.

My friend didn’t use my unique referral link when creating their Cash 4 You account or application. Am I still eligible for a reward?

Have your friend email refer@cash4you.ca from the email address they used in their Cash 4 You application with the following information to see if you may still be eligible:

• Your friend's full name and the email address used in their Cash 4 You application.
• Your full name, email address, and unique invite link.
• Details of how and when you referred them to Cash 4 You.
• Exceptions are not guaranteed and will be determined on a case-by-case basis.